GlaxoSmithKline plc (GSK) Earns “Buy” Rating from HSBC Holdings PLC
Other analysts also recently issued research reports about the company. UBS AG set a GBX 1,600 ($21.04) price target on GlaxoSmithKline plc and gave the stock a neutral rating in a research note on Wednesday, July 26th. Bryan, Garnier & Co reaffirmed a neutral rating and issued a GBX 1,710 ($22.49) price objective on shares of GlaxoSmithKline plc in a research report on Tuesday, September 19th. Investec cut GlaxoSmithKline plc to a hold rating and lowered their price objective for the company from GBX 1,800 ($23.67) to GBX 1,390 ($18.28) in a research report on Monday, November 6th. Liberum Capital reaffirmed a buy rating and issued a GBX 1,900 ($24.99) price objective on shares of GlaxoSmithKline plc in a research report on Thursday, July 27th. Finally, Shore Capital reaffirmed a hold rating on shares of GlaxoSmithKline plc in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 1,586.67 ($20.87).
Shares of GlaxoSmithKline plc (LON:GSK) opened at GBX 1,297.50 ($17.07) on Wednesday. GlaxoSmithKline plc has a 52 week low of GBX 1,291.50 ($16.99) and a 52 week high of GBX 1,724.50 ($22.68).
GlaxoSmithKline plc (LON:GSK) last posted its quarterly earnings results on Wednesday, October 25th. The company reported GBX 32.50 ($0.43) earnings per share for the quarter, topping the consensus estimate of GBX 31.80 ($0.42) by GBX 0.70 ($0.01). The company had revenue of GBX 784.30 billion for the quarter. GlaxoSmithKline plc had a return on equity of 461.88% and a net margin of 17.79%.
The company also recently declared a dividend, which will be paid on Thursday, January 11th. Stockholders of record on Thursday, November 9th will be issued a dividend of GBX 19 ($0.25) per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 1.41%.
In other news, insider Simon Dingemans purchased 1,076 shares of the stock in a transaction dated Thursday, October 12th. The shares were purchased at an average cost of GBX 1,527 ($20.08) per share, with a total value of £16,430.52 ($21,610.57). Also, insider Urs Rohner purchased 473 shares of the stock in a transaction dated Wednesday, October 25th. The shares were purchased at an average cost of GBX 1,518 ($19.97) per share, for a total transaction of £7,180.14 ($9,443.82). Insiders have bought a total of 1,576 shares of company stock worth $2,400,376 over the last three months.
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GlaxoSmithKline plc Company Profile
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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